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Use the Following Information for Questions

Question 118

Multiple Choice

Use the following information for questions.
On January 1, 2017, Soo Park Corp. purchased at face value, a $5,000, 5%, bond investment that pays interest on January 1 and July 1. Soo Park classified the investment as long-term. Soo Park has a calendar year end.
-The entry for the receipt of interest on January 1, 2018 is


A) Use the following information for questions. On January 1, 2017, Soo Park Corp. purchased at face value, a $5,000, 5%, bond investment that pays interest on January 1 and July 1. Soo Park classified the investment as long-term. Soo Park has a calendar year end. -The entry for the receipt of interest on January 1, 2018 is A) B) C) D)
B) Use the following information for questions. On January 1, 2017, Soo Park Corp. purchased at face value, a $5,000, 5%, bond investment that pays interest on January 1 and July 1. Soo Park classified the investment as long-term. Soo Park has a calendar year end. -The entry for the receipt of interest on January 1, 2018 is A) B) C) D)
C) Use the following information for questions. On January 1, 2017, Soo Park Corp. purchased at face value, a $5,000, 5%, bond investment that pays interest on January 1 and July 1. Soo Park classified the investment as long-term. Soo Park has a calendar year end. -The entry for the receipt of interest on January 1, 2018 is A) B) C) D)
D) Use the following information for questions. On January 1, 2017, Soo Park Corp. purchased at face value, a $5,000, 5%, bond investment that pays interest on January 1 and July 1. Soo Park classified the investment as long-term. Soo Park has a calendar year end. -The entry for the receipt of interest on January 1, 2018 is A) B) C) D)

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